ECC approves multi-billion package to boost agriculture, support farmers
Package includes subsidy on fertilizers, cotton seed and white fly pesticides; reduced bank markup on agri loans; sales tax subsidy on local tractors
Pakistan retains its place in MSCI Emerging Markets Index
Pakistan has successfully retained its upgraded status in the global MSCI Emerging Market (EM) Index, thereby averting the chances of being downgraded...
Govt constitutes 10th National Finance Commission
--Centre includes resources for security and natural disasters/calamities as part of NFC ToRsÂ
--President allows finance adviser to chair NFC in absence of...
Pakistan gets $1.8bn loan rescheduled from friendly countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Monday that $1.8 billion worth of loans...
SBP to announce monetary policy on 15th
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (May 15) in Karachi to decide the country’s monetary policy.
The...
Fiscal deficit to surge, tax revenue to miss target this year: Hafeez Shaikh
‘Revenue has taken a hit. Exports have taken a hit. Remittances have taken a hit, and, above all, our people are suffering’
PM for out-of-box solutions to heal corona-hit economy
Imran stresses need to focus on SMEs, agri sector to create more jobsÂ
Govt to present next year’s budget on June 5
--Expenditure target for FY21 to be fixed at Rs10.4tr
--Rs600bn to be spent on development projects; Rs200bn on corona-related programmes
ISLAMABAD:Â The federal government...
EU to support Pakistan’s anti-corona fight with 153m euros
ISLAMABAD: Ambassador of the European Union Delegation to Pakistan Androulla Kaminara called on Prime Minister Imran Khan on Thursday and said the...
Govt announces to exit lockdown from Saturday
ISLAMABAD:Â The government has decided to gradually lift the lockdown restrictions, imposed to contain the impact of coronavirus, from May 9 (Saturday), announced...
Budget deficit reaches Rs1.68tr in nine months
–Expenditures clock in at Rs6.3tr against revenues of Rs4.6tr
–Govt spent Rs1.8tr on debt servicing, Rs802bn on defence, Rs31.8bn on education and Rs5.1bn...
Cabinet approves export of rice, hand sanitisers
ISLAMABAD: The federal cabinet on Tuesday allowed the export of rice and locally manufactured hand sanitisers, as Federal Minister for Information and...
ADB to provide Pakistan $305m to fight pandemic
ISLAMABAD: The Asian Development Bank (ADB) will provide $305 million to Pakistan to deal with the coronavirus pandemic in the country.
This was...
COVID-19: Pakistan’s exports plunge 54pc in April
ISLAMABAD: Owing to the closure of global markets amid COVID-19 outbreak, Pakistan's exports fell by a massive 54pc in April 2020, as...
After three downward revisions, govt may still miss revenue target
ISLAMABAD: The Ministry of Finance was preparing the next financial budget on the basis of this year’s revenue target, which it expects...